To be smart, start with these four things

Audit and Open Source: Is there a third-party audit for the project, and is the contract open source?

Check On-chain Data: TVL, active wallets, asset structure, can it be verified on-chain?

Analyze Asset Usability: Can it be lent or used in combination after staking?

Evaluate Team and Community Vitality: Is there continuous product updates and community dialogue?

The bull market is not far away, but first learn to be smart.

The windfall is promising, but the foundation must be stable.

Don't chase trends, be a smart person.